Chicagoland Valuation Group Inc
Chicago & suburbs
 About UsChicagoland's #1 source for Certified Residential Appraisals!! As certified appraisers, we possess the extensive know-how and qualifications to give you the level of credible property value opinions that government agencies, private parties, banks and major lending institutions require. With years of expertise behind us, we're more than ready to accept assignments pertaining to virtually any type of property. Considering today’s high-regulation environment, our independence, including from real estate brokerage firms, makes your life easier and provides a superior product. |
Connect With Me
|
||
| Remarkable Absence of Mortgage Rate Volatility | ||
| 6/18/2025 3:17 PM | ||
| It happens, but it"s rare. A Fed "dot plot" day has come and gone with mortgage rates almost perfectly unchanged from the previous day. This speaks to the level of indecision not only in the market, but also among Fed members. First off, what"s a "dot plot day?" The dot plot (or simply, "the dots") refers to a chart/table in the Fed"s econo...Read More | ||
| Mortgage Rates Slightly Lower Ahead of Fed Day | ||
| 6/17/2025 2:19 PM | ||
| Mortgage rates continue operating in a narrow range with almost every day of the past two months falling between 6.8 and 7.0% for a top tier 30yr fixed scenario. Today"s average rate fell 0.03 after moving up 0.06 since June 12th. This morning"s most relevant potential influence--the Retail Sales report--turned out to have a limited impact this mo...Read More | ||
| Mortgage Rates Drift Slightly Higher to Start The Week | ||
| 6/16/2025 2:53 PM | ||
| While there"s been no shortage of political and geopolitical headlines over the past 2 business days, there hasn"t been much by way of inspiration for the bond market. Bonds (and, thus, rates) have moved nonetheless. Perhaps it was the lower rates achieved last Thursday that prompted a pullback, or perhaps traders are pricing in some c...Read More | ||
| Mortgage Rates Bounce But Remain Lower on The Week | ||
| 6/13/2025 2:11 PM | ||
| The top tier 30yr fixed mortgage rate index rose 0.04% on Friday, which would be a medium-sized defeat in and of itself. In the broader context, however, it was an acceptable adjustment on what has otherwise been a solid week. Specifically, today"s rates are still 0.08% lower than last Friday"s. There were no standout individual sources of i...Read More | ||
| Lowest Mortgage Rates in More Than a Month | ||
| 6/12/2025 2:50 PM | ||
| Mortgage rates being offered today are only a hair lower for the average lender than they were on June 4th, but June 4th was the best day since early May. In other words, today"s average rate is the lowest in just over a month. This didn"t happen by chance. The underlying bond market has been responding to economic data over the past two day...Read More | ||
| Mortgage Rates Fall as Inflation Data Comes in Soft | ||
| 6/11/2025 2:48 PM | ||
| After a calm start to the week on Monday and Tuesday, we were likely to see a bit more volatility on Wednesday due to important events on the calendar. The first was the morning"s release of the Consumer Price Index (CPI), a key inflation report. Inflation is one of the most basic inputs for the bond market. Bonds, in turn, dictate interest rate m...Read More | ||
| Mortgage Rates Inch Slightly Lower | ||
| 6/10/2025 2:37 PM | ||
| It was a fairly boring day on what has turned out to be a fairly boring week so far for mortgage rates. After Friday"s larger spike, we"ve seen a microscopic recovery on each of the past 2 days. In terms of specific index levels, this equates to a 0.04% drop in the top tier 30yr fixed rate for the average lender. This is roughly one th...Read More | ||
| Mortgage Rates a Hair Lower to Start The Week | ||
| 6/9/2025 2:38 PM | ||
| As hoped, Friday"s big rate spike did not carry additional momentum into the new week. This is occasionally a risk when rates are responding to big surprise in the jobs report, but slightly less of a risk when the other economic data had been weaker. All that having been said, it"s not as if we"re seeing a triumphant return to last wee...Read More | ||
| Mortgage Rates Jump Back Toward 7% After Jobs Report | ||
| 6/6/2025 2:13 PM | ||
| Mortgage rates have enjoyed a nice run since May 21st, with the MND Index (average top tier 30yr fixed scenarios) falling from a recent peak of 7.08% to this week"s low of 6.87%. As recently as yesterday afternoon, rates were still much closer to those lows at 6.89%. One day can make a big difference and today turned out to be that day. We k...Read More | ||
| Mortgage Rates Little Changed, But Friday Could See a Bigger Move | ||
| 6/5/2025 2:37 PM | ||
| Mortgage rates began the day perfectly in line with yesterday"s latest levels for the average lender. By the afternoon, the underlying bond market had lost enough ground that a handful of lenders were forced to issue mid-day reprices thus taking the average just a bit higher. Unlike the past few days, there wasn"t a highly important economic repor...Read More | ||